Guideline Value for PERUMAL KOIL STREET (WARD -9)

Perumal Koil Street (Ward -9) guideline value

The current guideline value of Perumal Koil Street (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024. This street is located in Kadampur village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - I.

How the guideline value of Perumal Koil Street (Ward -9) has changed

The guideline value for Perumal Koil Street has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 500 per sq.ft. This value remained unchanged until the next revision in 2017, where it decreased to Rs 335 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 500 per sq.ft, and in the latest revision for 2024, it rose to Rs 551 per sq.ft, marking a 10% increase from the previous year.

In summary, the guideline value has changed as follows: from Rs 500 in 2012 to Rs 335 in 2017, then up to Rs 500 in 2023, and finally reaching Rs 551 in 2024. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kadampur

In Kadampur village, there are 44 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 385 to Rs 2,200 per sq.ft. The median guideline value is Rs 551 per sq.ft, which is the same as the current figure for Perumal Koil Street.

• Pillaiyar Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Peria Palayathamman Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Peraringar Anna Salai (Ward -9): Rs 2,200 per sq.ft (2024)
• Palayathamman Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Padavattamman Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Nehru Nagar (Ward -9): Rs 551 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil Street (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 551 per sq.ft, the total guideline value amounts to Rs 5,51,000. The stamp duty at 7% would be Rs 38,570, and the registration fee at 2% would be Rs 11,020, totaling Rs 49,590. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal Koil Street (Ward -9)?

The Sub Registrar Office that covers Perumal Koil Street (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kadampur

The guideline value plays a crucial role in the registration process when buying or selling property in Kadampur. It is used as a basis for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that all legal obligations are met during the registration process.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 in 2012 to Rs 335 in 2017, then increased to Rs 500 in 2023, and finally to Rs 551 in 2024.

What is the land classification for Perumal Koil Street?

Perumal Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Kadampur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate fees are collected during the registration process.